Indian stocks were trading in the positive zone on Wednesday, i.e. 11 September, amid strong buying in auto and metal stocks. At 10:50 am, the S&P BSE Sensex was trading at 37,288.07, up 142.62 points, or 0.38%, while the Nifty 50 index rose 32 points, or 0.29%, to 11,035.85. Yes Bank, Tata Motors, Indiabulls Real Estate and Reliance Capital were among the key stocks in news today. Read on to know more:
Yes Bank: Yes Bank Ltd shares jump as much as 8.5% on reports that the bank is close to signing a deal to sell minority stake to a global technology company to help boost its capital.
Tata Motors: Tata Motors Ltd shares gain nearly 8% after Jaguar Land Rover’s retail sales in August came in at 34,176, down 6.7% compared with the year-ago period.
Indiabulls Real Estate: Indiabulls Real Estate Ltd shares advance over 3% as the company is set to divest direct/indirect stake in existing joint venture companies with Blackstone at an aggregate equity value of Rs 4,420 crore to reduce debt.
Reliance Capital: Reliance Capital Ltd jump 3% on reports that the company called off its general insurance unit’s sale to Hero Fincorp.
Sun Pharma: Sun Pharmaceutical Industries Ltd shares rise 1.5% after the company increased its stake in PJSC Biosintez of Russia from 96.96% to 100%.
Quess Corp: Quess Corp. Ltd shares rise 2.3% after Amazon.com NV Investment Holdings Llc gets Competition Commission of India’s (CCI’s) approval for investment in the company.
Aditya Birla Capital: Aditya Birla Capital Ltd shares are up over 3% after the company said its board has given approval to raise Rs 2,100 crore to fund business growth.